NewEnergyNews: OIL & NEW ENERGY AROUND THE WORLD/

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

THINGS-TO-THINK-ABOUT WEDNESDAY, August 23:

  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And The New Energy Boom
  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And the EV Revolution
  • THE DAY BEFORE

  • Weekend Video: Coming Ocean Current Collapse Could Up Climate Crisis
  • Weekend Video: Impacts Of The Atlantic Meridional Overturning Current Collapse
  • Weekend Video: More Facts On The AMOC
  • THE DAY BEFORE THE DAY BEFORE

    WEEKEND VIDEOS, July 15-16:

  • Weekend Video: The Truth About China And The Climate Crisis
  • Weekend Video: Florida Insurance At The Climate Crisis Storm’s Eye
  • Weekend Video: The 9-1-1 On Rooftop Solar
  • THE DAY BEFORE THAT

    WEEKEND VIDEOS, July 8-9:

  • Weekend Video: Bill Nye Science Guy On The Climate Crisis
  • Weekend Video: The Changes Causing The Crisis
  • Weekend Video: A “Massive Global Solar Boom” Now
  • THE LAST DAY UP HERE

    WEEKEND VIDEOS, July 1-2:

  • The Global New Energy Boom Accelerates
  • Ukraine Faces The Climate Crisis While Fighting To Survive
  • Texas Heat And Politics Of Denial
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    Founding Editor Herman K. Trabish

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    WEEKEND VIDEOS, June 17-18

  • Fixing The Power System
  • The Energy Storage Solution
  • New Energy Equity With Community Solar
  • Weekend Video: The Way Wind Can Help Win Wars
  • Weekend Video: New Support For Hydropower
  • Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

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    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

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  • WEEKEND VIDEOS, August 24-26:
  • Happy One-Year Birthday, Inflation Reduction Act
  • The Virtual Power Plant Boom, Part 1
  • The Virtual Power Plant Boom, Part 2

    Sunday, March 06, 2011

    OIL & NEW ENERGY AROUND THE WORLD

    Spiraling oil prices give renewed impetus to alternative energies; Political turbulence coupled with the spectre of peak oil looming in the Middle East, makes renewable energy less of an option and more an imperative.
    Heba Hashem, 24 February 2011 (CSP Today)

    "…[F]luctuating oil prices amid political instability in the Middle East, and accelerating energy demands…[make] renewable energy investments not just a timely solution but a highly profitable gateway…Solar power worldwide is forecasted to grow from a US$31 billion industry in 2009 to US$99 billion by 2019. Renewable energy in total (bio-fuel, wind and solar) reached US$125 billion in 2008, grew 11% to US$139 billion in 2009, and is projected to grow to US$326 billion by 2019.

    "…[Oil] prices [are] above US$110 a barrel for Brent and US$98 for WTI crude oil…Libyan president Moammar Gadhafi warned…[his] country's oil wells [could go] up in flames…[A] recent Wikileak…resurrected concerns over Saudi Arabia’s exaggerated oil reserves…[suggesting they] are being overstated by as much as 40%, bringing [back] the “peak oil” debate…[and] officials have predicted a tripling in Saudi power consumption…[which would] consume all of the 8 million bpd the country produces…[A]n oil shock is likely by 2013, even if the US is lucky enough to escape one in 2012…"


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    "…Europe is dangerously [dependant] on Russia for…natural gas…[and] coal…Russian dominance over Europe’s energy has raised alarms in foreign policy circles. Several European countries are now working on diversifying their energy sources and streams…The Chinese government has already launched a massive renewable energy program that aims to generate 15% of its energy needs from clean energy by 2020. China invested US$35 billion in clean energy in 2009, almost twice the amount of US [2009] investments…"

    click to enlarge

    "…[All this] price volatility and uncertainty…create[s] a compelling case for renewable energy investments…[similar to 2007 when almost] every solar-related stock posted triple-digit gains…[and] the best performers, First Solar (FSLR) and Ascent Solar (ASTI), [had] eye-popping 750% gains…According to the Energy Information Administration (EIA) International Energy Outlook 2010, renewable energy will gain a growing share of total energy use from 2007 to 2035, outstripping that of petroleum liquids, despite starting from a much lower level.

    "While natural gas consumption is expected to increase 44%, coal 56% and nuclear power generation 74% in the same period (2007-2035), total renewable energy use - including liquid biofuels – is estimated to grow a staggering 111%…Russia’s Prime Minister Vladimir Putin had signed a directive calling for a more than 400% increase in renewable electricity generation by 2020, and in the Middle East, solar energy use has grown by 40%-50% per year over the last ten years…"

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